SEOUL, LG Chem Ltd. on Wednesday reported its fourth-quarter net profit of 128.5 billion won (US$96.3 million), turning from a loss of 5.9 billion won a year earlier.
Operating income for the October-December period was 247.4 billion won, up 18.2 percent from a year ago, the company said in a regulatory filing. Sales fell 3.8 percent to 13.13 trillion won.
The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 66.2 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency